BLOOMIN' BRANDS INC (BLMN) Stock Technical Analysis
NASDAQ:BLMN - Nasdaq - US0942351083 - Common Stock - Currency: USD
We assign a technical rating of 0 out of 10 to BLMN. BLMN scores bad on all fronts: it is a bad performer in the overall market and both the medium and short term pictures are negative.
When comparing the yearly performance of all stocks, BLMN is a bad performer in the overall market: 94% of all stocks are doing better.
BLMN is one of the lesser performing stocks in the Hotels, Restaurants & Leisure industry. 85% of 131 stocks in the same industry do better.
BLMN is currently trading near the lower end of its 52 week range, which is not a good sign. Certainly not because the S&P500 Index is trading near new 52 week highs at the moment.
In the last month BLMN has a been trading in the 6.18 - 10.70 range, which is quite wide. It is currently trading near the lows of this range.
Prices have been falling strongly lately, it is better to avoid new long positions here.
Volume is considerably higher in the last couple of days. In combination with the strong move down this is a bad signal.
BLMN has an average volume of 2582320 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
The short term trend is negative, the long term trend is neutral. Not much exciting going on here.
The technical rating of BLMN is bad and it also does not present a quality setup at the moment. Prices have been extended to the downside lately. For a nice entry it is better to wait for a consolidation.
More info and screens
6.14
10.24
We found 1 important support area.
- Support @6.20 from a horizontal line in the daily time frame.
When analyzing the resistance we notice one important area.
- Resistance @10.14 from a trend line in the daily time frame.
The Technical Rating and Setup analysis above combine different indicators and trends in different timeframes. Individual signals from indicators may give more contradictive signals and should always be interpreted in the more global context.
| Indicator | Value | Signal | Comment |
|---|---|---|---|
| ChartMill Long Term Trend Indicator | NEUTRAL | NEUTRAL | The long term trend for BLMN is neutral. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for BLMN is down. |
| ChartMill Relative Strength | 6.39 | NEGATIVE | BLMN has a low relative strength, it was outperformed by 93.61% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of BLMN is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | NEGATIVE | The current price of BLMN is below a declining SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | NEGATIVE | The current price of BLMN is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 31.6 | NEUTRAL | The RSI value for BLMN is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.37 | NEGATIVE | The MACD value suggests BLMN has a negative trend. |
| Stochastics (14,3) | 9.81 | OVERSOLD | The low Stochastics value suggests BLMN may be oversold. |
| Average True Range in percent/ATR (20) | 8.8 | HIGH VOLATILITY | The high ATR as a percentage value for BLMN suggests high volalility. |
| Average Directional Index/ADX (14) | 20.28 | NEUTRAL | The ADX value for BLMN suggests a possible start of a new trend. |
Daily CandleStick Patterns
Bullish Engulfing (D)
Bullish Hammer (D)
Bearish Inverted Hammer (D)
Hanging Man (D)
Bullish Harami (D)
Doji (D)
Gravestone Doji (D)
DragonFly Doji (D)
Bearish Engulfing (D)
Bearish Shooting Star (D)
Bearish Harami (D)
Inside Bar (D)
Red Dog Reversal Down (D)
Red Dog Reversal Up (D)
Dark Cloud Cover (D)
Weekly CandleStick Patterns
Bullish Engulfing (W)
Bullish Hammer (W)
Bearish Inverted Hammer (W)
Hanging Man (W)
Bullish Harami (W)
Doji (W)
Gravestone Doji (W)
DragonFly Doji (W)
Bearish Engulfing (W)
Bearish Shooting Star (W)
Bearish Harami (W)
Inside Bar (W)
Dark Cloud Cover (W)
Daily Chart Patterns
Bull Flag
Bear Flag
Ascending Triangle (D)
Descending Triangle (D)
Symmetrical Triangle (D)
Squeeze
Channel (D)
Channel Up (D)
Channel Down (D)
Rising Wedge (D)
Falling Wedge (D)
Double Bottom (D)
Multiple Bottom (D)
Double Top (D)
Multiple Top (D)
Weekly Chart Patterns
Weekly Bull Flag
Weekly Bear Flag
Squeeze Week
Channel (W)
Double Bottom (W)
Multiple Bottom (W)
Double Top (W)
Multiple Top (W)
6.75
+0.54 (+8.78%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorConsumer Discretionary
GICS IndustryHotels, Restaurants & Leisure
Performance
% Chg8.78%
1 Week-25.91%
2 Weeks-32.5%
1 Month-33.63%
3 Month-7.53%
6 Month-44.58%
12 Month-56.81%
2 Year-75.94%
3 Year-66.62%
5 Year-52.93%
10 Year-67.39%
15 YearN/A
Volatility
ATR(14)0.66
ATR(20)%8.8%
ATR Inc253.65%
Range Today0.43
ADR(20)0.55
ADR(20)%8.11%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS6.39
Mansfield-4.62
10 Day High10.15
10 Day Low6.18
20 Day High10.7
20 Day Low6.18
52 Week High18.72
52 Week Low6.09
CS1 End6.2
CR1 Start10.14
Volume & EV
DER(3)2.93%
DER(5)1.82%
Volume6.31M
Volume Incr150.28%
Vol(5)4.89M
Vol(50)2.58M